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<br /> ` '� the Pxoperty in violation o� any law, ordin�na�, o�: regula�iorr� � ----_--.-. _
<br /> _ .,�,,. ..;:�n- and shall pay and promptly �i.scharge at 8orrower'g aost and ��'�!'... - -_
<br /> -�. � ., ;, ;,; expense all liens, encumbranaes and charqea lev3,ed, i.mposed or —�—___ -
<br /> - . � aaseased aga3ns� scha Prcope�cty or any pa�rt thex�,ol�. _____--_
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<br /> �� ;�. 6. hminent Doma�n. Lender ia hereby aseiqned all - �---------
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<br /> = - -- compeneation, at�ar�e,i an►ages an� other �aymeata oz relief . ':''��""_---
<br /> (�Sereinafter "P�oaeede") in aonnection with condemnati.on or other �,:�i��a���-�,����_
<br /> taking of Che Property or part thereof, or for conveyanae in lieu ='.°' �;,•�;�;��,-��.
<br /> of condemnation. Lender ahabll be entitled, ati ita optioa, to •�.:-���`°_--�='
<br /> . aoza�aeaa�eo a�p�uraa� in and prose�nnnte in its own name any action or ;�`. '�-��,��a,_
<br /> ps�e�a�imma�s, a�a�d shall also h�e c��n�itled to make any compromfae or � ,�����
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<br /> se�ttl�mQnt �a� connection witD�a �aach ��kinq or dama�g�. In the '.�� t�
<br /> . evettat any ����on of the �ao�exty f s so takez� or ��sn���d o Lender .°',�
<br /> � �4�a11 have �a option, in i�a sole and abs�I.oate ���c��atiosao to � °=`'`-----�
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<br /> � apply all such Pxoceeds, after deduc�ing t➢►�s��xma� �b]1 c�s�s �ind j.. ;-�,�ry���
<br /> ex�r�a►sea incurred �xy it in connection with ��ach Psoceec'!s. upon ='��°��:,:�.
<br /> �:�, amy �ttt�debte�a�ess secured hereby and in sucte oacder �s Lend�x may o�:`�_.:
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<br /> • ��r� de��a�in�o �x to apply all such Proceeds, ag��r such deductSons, ;-�i�.���,,�.,,,',��;;�
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<br /> , �,r � to the xes$��ration of �he Pro ert u on auc�a c¢�nditions as �ea�der �,, ,
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<br /> `y�;;:;:l,�,..�,;,�rr�;., •..::., �
<br /> �� ;�,�5� may d��esmine. Any application of Proceeds to indebtedness shall a1t�� ; ;;,,,�,�;_
<br /> s� }'''���' � c' ' not �xtend or postpone the due date of any payments under the '� t Lr3 a ,_.
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<br /> ��ie<<•f'"� I�o�� or cure an default thereunder or hereunder. y
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<br /> ,:::.,�: , ::.';,'•;;�l;rr• 7. Performance by Lender. In the event of Sorrower's ,c.
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<br /> ; 4� failure to perform any of t e aovenants herein or make any paY- �a`'.�
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<br /> ,�;,{, ���� ments required hereby, or if any act is taken or legal proceeding -�:�,4 =
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<br /> -- �-.«-,+%�:;, couune,�i:e3 wh�ch materia22y aEfs�ts I,ender'� i.nterest in the ___=:�:;i�
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<br /> �r��•.� Property;. Lender may in its own discretion, but wi.thout ob].iga-
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<br /> ' �� �rj f. tion to c3o so, and without notice to or demand upon Borrower, and �
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<br /> �,, � �.: ;,,�.�,. without zeleasing Borrower from any obl.igatioa, do any act which .� '%�5:�: �� ,�
<br /> � � ��•�� the Borrower has agreed bnt fails to do and may also do any other �,�1:;��'ti .
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<br /> '�i;�`;� act it deems necessary to protect the security hereof. Borrower , �"�`�'�-
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<br /> � '���'��' sha31, fmmediately upon demand theregor by Lender, pay to Lender � ..;'�=;���
<br /> all costs and expenses incurred and sums expended by Lender in � �
<br /> connection with the exercise by Lender of the foregoing rights, , , '� ���'�
<br /> together with interest thereon at the default rate provided in � � �
<br /> ';,,,;;, the Note, which shall be added to the�nd-e3tedness secured � ��•.
<br /> :!.,�:� hereby. Lender shall not incur any liabili�y because of anything j " �;�;�
<br /> , � it may do or omit to do hereunder. �' ���
<br /> ''Y�;:,-', 8. Hazardous Materials. Borrav�verr shall keep the '
<br /> . Property in compl ance w th any and all federal, state and local � , ;`�.��±�� . -
<br /> laws, ordinances and regudations r�lating to indus�rial hyqiene f �. ..,'�.."',.
<br /> or �o environmental con¢li�iox►s on, under or about �.kn� Property, ; ���,
<br /> including, but not lim3.tec3 {ta, soil and grour�dwater condit�.ons. 1: .. '':,;:�°' �•
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<br /> Trustor shall not use, gerserate, manufacture, store or dispmse of .;,,;,,, , �•`�'};.sjr.,,l;,.•'�:
<br /> � on, under or abou�t �3�e F�operty or tran�part to or from �he _ t���� ��
<br /> �r��erty any flammable explosives, radioactive ma�.e�ials, hazardous ; ' '�'�� ,:��!'
<br /> �������� was�es, toxic subs�a�ces or related materials, inc3uding, without , �'��; `
<br /> . ,.; •, �.,,,:;..'.�
<br /> �'����, �• limitation, any substances defined as or iaa�lud�d in the defini- r� ��'�
<br /> `;. `;�� � tion of "hazardous substances", "hazardous �rastes", "hazardous ��:�: . .•
<br /> � �� �..ti�:;;;, ma�erials" oz "toxic substances" under any applicable laws, ;`��� '
<br /> . t „ .'
<br /> o�dinances or reguiations (collectively refexred to hereinafter
<br /> �'��, �" �s "Hazardous Materials") . Borrower hereby warrants and repre- �,., ti
<br /> sernts to Lender that ther� are no Haaarc3ous Materials on or under
<br /> the Property. Borrower �e�eby agrees to indemnify and hold
<br /> 4�a�anless Lender, its dire�tors, officers, em�loyees and agents, .
<br /> ano'i �ny successors to Len�ier's interest, Eram and against any and �
<br /> a17� claims, damages and �iabilities arising in cornnection with
<br /> �he pres�nc�, use, storaq�, disposal or t�aa�sport of any Hazardous .
<br /> �ua���-;��R a�m. under. from o� about t�a Prop�r�y, including, with-
<br /> ou� ].im�.�a�ion, (a) aIl c3ta�ages directly or indirectly ax�ising �
<br /> � atn� of �he use, qeneration, s�ora4e or disposal of Hazardous
<br /> Materials by Borrower or ar�y prior owner or og�rator of the
<br /> Property, and (b) all cos�s of any required or necessary repair,
<br /> cleanup or de�oxification and the preparation of any closure or
<br /> . other required plans, whether such action is required or neces-
<br /> i sary prior to or following transfer of title to the Property, �o
<br /> ; the full extent that such action is attrfbutable, directly ar
<br /> i indirectly, to th� presence or use, generation, storage, release,
<br /> � threatened release or disposal of Hazardous Materials by any
<br /> person on the Property prior to transfer of title thereto by
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